Spend less, Earn More, and Save as much as possible!

Lending Club is a really cool concept. Basically you can lend money to various people online and collect interest and build an online savings portfolio. I do recommend to be very careful and read the fine print as well as the particular reasons why each person is borrowing money.

One of the coolest parts of lending club is that they will give you a free $25 to invest with their site. I basically got a free $25.00 that I put into a loan at the rate of 15%. Please keep in mind this is by no means an instant process. First you sign up, your account gets a free $25 dollars just for signing up and then you choose from various lending opportunities.

Obviously riskier loans have higher rates of returns and less risky loans have a lower rate of return. But keep in mind that if you are getting a free $25, you might as well just give it a whirl and see how it works.

My loan was recently approved and I already made 2 cents!!! Take a look at my screenshot below:

I also took a screenshot of the loan that I subscribed my free $25 to. Once again, Lending club will give you a free $25 as a special promotion. You just have to click on the advertisement below, and you will be able to get a free $25 to invest and explore their site.